Miscellaneous

Qorvo (NASDAQ:QRVO) Frequently Asked Questions

What is Qorvo's stock symbol?

Qorvo trades on the NASDAQ under the ticker symbol "QRVO."

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) issued its quarterly earnings data on Wednesday, October, 31st. The semiconductor company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.13. The semiconductor company had revenue of $884.40 million for the quarter, compared to the consensus estimate of $855.57 million. Qorvo had a negative net margin of 1.41% and a positive return on equity of 13.65%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. View Qorvo's Earnings History.

When is Qorvo's next earnings date?

What guidance has Qorvo issued on next quarter's earnings?

Qorvo updated its third quarter earnings guidance on Tuesday, November, 13th. The company provided EPS guidance of $1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.95. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $892.49 million.

What price target have analysts set for QRVO?

27 brokerages have issued 12-month target prices for Qorvo's shares. Their predictions range from $65.00 to $96.00. On average, they anticipate Qorvo's share price to reach $80.6818 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View Analyst Price Targets for Qorvo.

What is the consensus analysts' recommendation for Qorvo?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 13 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Qorvo.

What are Wall Street analysts saying about Qorvo stock?

Here are some recent quotes from research analysts about Qorvo stock:

1. According to Zacks Investment Research, "Qorvo reported stellar second-quarter results. Both top and bottom line increased year over year. The results can be attributed to robust mobile growth, improved progress in IDP and stringent cost control measures. However, Qorvo operates in a competitive landscape that is becoming more complex with low barriers to entry, exerting pricing pressure and reducing margins. Customer concentration due to significant exposure to the likes of Apple and Huawei, among others is a headwind. We also not that due to the significant exposure, Qorvo’s share price movement depends heavily on Apple’s results, which doesn’t bode well. Moreover, slight changes in demand of iPhone related devices create a stir among Apple’s supplier base, which includes Qorvo. To add on to the woes, Apple’s vertical integration policy is also a major concern. Notably, Qorvo lowered Q3 guidance citing reduced demand for flagship smartphones." (11/15/2018)

2. Needham & Company LLC analysts commented, "QRVO reported strong F2Q19 results that easily beat guidance and Street estimates driven by the ramp of flagship smartphone products and growth in IDP’s Infrastructure market. The F3Q19 revenue and NG EPS outlook was slightly below the Street, but higher than our estimates. Management continues to expect FY19 revenue to grow ~10% and guided NG GM to recover to 50% or more in F2H19. QRVO is seeing increasing demand and design traction for its 5G solutions in MP and IDP , and while QRVO has take a measured approach in forecasting its China business in F2H19, we believe the company remains well positioned for growth due to new opportunities and share gains in its IDP and MP businesses. We maintain our Buy rating and $92 PT , which is ~12x our CY20 NG EPS estimate." (11/1/2018)

Has Qorvo been receiving favorable news coverage?

News articles about QRVO stock have been trending somewhat positive on Monday, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Qorvo earned a news impact score of 0.9 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Which institutional investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Capital Research Global Investors, Jefferies Group LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Pinnacle Associates Ltd., Mitsubishi UFJ Trust & Banking Corp and First Trust Advisors LP. Company insiders that have sold Qorvo company stock in the last year include Daniel A Dileo, Gina Harrison, James L Klein, John R Harding, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

How do I buy shares of Qorvo?

Shares of QRVO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $63.69.

How big of a company is Qorvo?

Qorvo has a market capitalization of $8.28 billion and generates $2.97 billion in revenue each year. The semiconductor company earns $-40,280,000.00 in net income (profit) each year or $4.78 on an earnings per share basis. Qorvo employs 8,300 workers across the globe.

MarketBeat Community Rating for Qorvo (NASDAQ QRVO)

MarketBeat's community ratings are surveys of what our community members think about Qorvo and other stocks. Vote "Outperform" if you believe QRVO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QRVO will underperform the S&P 500 over the long term. You may vote once every thirty days.